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UK economy will return to growth in second half, says CBI
Despite being more optimistic the UK still double dipped this quarter but things are set to look up.
“The UK economy will return to growth in the second half of 2012, with faster growth expected next year, the CBI business group has said.
But the CBI cut its growth forecast for the whole of 2012 from 0.9% to 0.6%.
Its revision was a "direct consequence" of data from the Office for National Statistics (ONS) which showed the economy shrank by 0.3% in the first quarter and returned to recession.
The CBI said optimism among businesses had picked up since January.”
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